SBKP - Standard Bank 6.5% Preference Shares

Sep 29, 2023 at 18:02 Twitter · Facebook

SBKP share price on Johannesburg Stock Exchange

The Standard Bank 6.5% Preference Shares (SBKP) are 6.5% first cumulative preference shares issued by Standard Bank Group Limited.

Standard Bank Group Ltd. is the holding company for the interests of the group, an African financial services organization with South African roots. It is South Africa’s largest banking group by assets and currently operates in 20 countries in sub-Saharan Africa. Standard Bank's strategic position enables them to connect Africa to other selected emerging markets and pools of capital in developed markets. Headquartered in Johannesburg, South Africa, the group’s primary listing is on the JSE and its secondary listings on A2X Markets and the Namibian Stock Exchange (NSX). Subsidiary entities are listed on exchanges in Kenya, Malawi, Namibia, Nigeria and Uganda.

Standard Bank 6.5% Preference Shares is listed on the Johannesburg Stock Exchange (JSE). Standard Bank 6.5% Preference Shares is traded on the JSE under the ticker symbol “SBKP”. The International Securities Identification Number (ISIN) of JSE:SBKP is ZAE000038881. Standard Bank 6.5% Preference Shares is currently the 413th most valuable stock on the JSE with a market capitalization of ZAR 4.88 million.

SBKP Stock Market Performance

The current share price of Standard Bank 6.5% Preference Shares (SBKP) is ZAR 0.61. SBKP closed its last trading day (Monday, September 18, 2023) at 0.61 ZAR per share on the Johannesburg Stock Exchange (JSE), recording an 18.7% drop from its previous closing price of 0.75 ZAR. Standard Bank 6.5% Preference Shares began the year with a share price of 0.80 ZAR but has since lost 23.8% off that price valuation, ranking it 338th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SBKP has lost 19% of the stock’s value from August 31st to date.

Standard Bank 6.5% Preference Shares is the 338th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 3 - Sep 29, 2023). SBKP has traded a total volume of 103,869 shares—in 17 deals—valued at ZAR 77,821 over the period, with an average of 1,649 traded shares per session. A volume high of 61,449 was achieved on July 18th for the same period. The table below details the last 10 trading days of activity of Standard Bank 6.5% Preference Shares on the Johannesburg Stock Exchange.

Profile of Standard Bank Group Limited

Standard Bank Group Limited was founded on November 25, 1969 and operates in the Financials sector, specifically, the Banking industry. Standard Bank Group contracts an estimated total number of 50,707 employees.

SBKP Industrial Market Competitors

Standard Bank Group Limited, issuers of the SBKP, Standard Bank Group Limited (+9.49%) and Standard Bank Preference Shares (-1.12%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange